KeyBank customers must arbitrate overdraft dispute - 11th Circuit

By Dena Aubin Ohio-based KeyBank can force a lawsuit accusing it of charging unfair overdraft fees into arbitration, a federal appeals court ruled, blocking customers from suing the bank in court as a class.

In a unanimous decision on Tuesday, a three-judge panel of the 11th U.S. Circuit Court of Appeals reversed a 2015 ruling from U.S. District Judge James King in Miami that held an arbitration agreement KeyBank had with its customers was unconscionable, or one-sided, and could not be enforced.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2xGow1f